The company has faced a storm of criticism over the past month after former employee Frances Haugen leaked internal studies showing Facebook knew its sites could be harmful to young people's mental health. The announcement comes as Facebook grapples with the fallout of a damaging scandal, major outages of its services and rising calls for regulation to curb its vast influence. The Verge cited an unnamed source noting the name would reflect Facebook's efforts to build the "metaverse," a virtual reality version of the internet that the tech giant sees as the future.įacebook on Monday announced plans to hire 10,000 people in the European Union to build the metaverse, with CEO Mark Zuckerberg emerging as a leading promoter of the concept. "Facebook thinks that a rebrand can help them change the subject," said the group's statement, adding the real issue was the need for oversight and regulation.įacebook spokesman Andy Stone told AFP: "We don't have any comment and aren't confirming The Verge's report." The report from tech news website The Verge, which Facebook refused to confirm, said the embattled company was aiming to show its ambition to be more than a social media site.īut an activist group calling itself The Real Facebook Oversight Board warned that major industries like oil and tobacco had rebranded to "deflect attention" from their problems. Facebook critics pounced Wednesday on a report that the social network plans to rename itself, arguing it may be seeking to distract from recent scandals and controversy.
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